Archive for January 9th, 2010

Banks: We Should Have Nationalized Them

There isn’t really much to add to this article from the NYT: The bank bonus season, that annual rite of big money and bigger egos, begins in earnest this week, and it looks as if it will be one of the largest and most controversial blowouts the industry has ever seen. Bank executives are grappling [...]

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Friday Failures (One Day Late)

So certain was I that there wouldn’t be any seizures that I didn’t even bother checking the FDIC website. Shame on me for underestimating Sheila. In fact, the agency took over Horizon Bank in Bellingham, Washington. Here’s the link to the FDIC’s site. I won’t insult you by predicting a lot of small bank failures [...]

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